Canada Pension Plan Investment Board Makes New $22.59 Million Investment in SiTime Corporation $SITM

Canada Pension Plan Investment Board bought a new stake in SiTime Corporation (NASDAQ:SITM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,300 shares of the company’s stock, valued at approximately $22,590,000. Canada Pension Plan Investment Board owned about 0.10% of SiTime as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in shares of SiTime by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 16 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in SiTime by 0.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,023 shares of the company’s stock valued at $3,187,000 after purchasing an additional 25 shares during the last quarter. CWM LLC lifted its stake in SiTime by 4.2% in the fourth quarter. CWM LLC now owns 951 shares of the company’s stock valued at $336,000 after purchasing an additional 38 shares during the last quarter. Corient Private Wealth LLC grew its holdings in SiTime by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 703 shares of the company’s stock valued at $249,000 after purchasing an additional 39 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in SiTime by 7.7% during the second quarter. Lazard Asset Management LLC now owns 654 shares of the company’s stock valued at $139,000 after purchasing an additional 47 shares during the period. 84.31% of the stock is owned by institutional investors.

SiTime Stock Down 7.0%

SITM opened at $557.86 on Friday. SiTime Corporation has a 12 month low of $222.12 and a 12 month high of $901.81. The company has a market cap of $16.77 billion, a PE ratio of 1,138.49 and a beta of 2.94. The company has a current ratio of 19.44, a quick ratio of 18.50 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $620.85 and a 200 day moving average of $557.68.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, August 5th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.39. The business had revenue of $157.43 million for the quarter, compared to analysts’ expectations of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The business’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. On average, sell-side analysts expect that SiTime Corporation will post 6.33 EPS for the current year.

Insider Buying and Selling

In other SiTime news, Director Raman Chitkara sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $727.38, for a total value of $1,454,760.00. Following the completion of the transaction, the director owned 19,898 shares in the company, valued at $14,473,407.24. This trade represents a 9.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rajesh Vashist sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $701.13, for a total value of $21,033,900.00. Following the completion of the transaction, the chief executive officer owned 402,898 shares of the company’s stock, valued at approximately $282,483,874.74. This represents a 6.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,840 shares of company stock valued at $47,960,638 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SITM. The Goldman Sachs Group restated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, August 6th. Weiss Ratings upgraded SiTime from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday. UBS Group lifted their price objective on SiTime from $775.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Benchmark began coverage on SiTime in a research note on Wednesday, August 19th. They issued a “buy” rating and a $850.00 price objective on the stock. Finally, Wall Street Zen upgraded SiTime from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, SiTime has a consensus rating of “Buy” and a consensus price target of $761.25.

About SiTime

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.